The European Commission announced the adoption, on Friday 17 December, of an adequacy decision on the existing standards for transfers of personal data from the EU to South Korea.
“Today’s decision is a unique opportunity to further strengthen our strategic partnership”, commented the Commissioner for Justice, Didier Reynders, on Twitter.
Personal data will therefore be able to be transferred from the EU to South Korea without the need to obtain new authorisations or to put in place new tools.
The decision, the Commission said in a statement, will complement the existing EU-Republic of Korea Free Trade Agreement on data transfers.
Several adequacy interviews had taken place in March 2021, before the Commission launched the process leading to this adequacy decision on 16 June (see EUROPE 12742/31).
“This agreement with the Republic of Korea will improve the protection of personal data for our citizens and encourage dynamic trade relations”, said the Vice-President for Values and Transparency, Věra Jourová in June.
See the adequacy decision: https://bit.ly/3F5XnFj (Original version in French by Thomas Mangin)